Here's another US stock where there is a possibility of a 5th wave about to get going in my opinion. I have included a bearish alternative count (in red) that would suggest the polar opposite. As ever, the markets always allow to different outcomes.
EPS of $1.58 (beat by $1.13) and rev of $5.46B (beat by $350M). Positive trend line on the monthly should hold, IMO. Chart is currently oversold and should begin a new uptrend.
Hope everyone had a nice three days break from the market. Let’s go to the chart we are going to focus on this home builder Lennar. On my scan it shows inside bars for the day and, the week of the class of A. On the weekly chart ended with a hammer red so the question is would this stock continues to dump or reverse and, break out to new highs
Lennar has had an impressive performance record with a recovering economy and housing market.
The company's continued effort on Real Estate development and Financing is fueling sales growth.
Earnings should get a boost from cost cutting and operational efficiency efforts.
Sales, however, are expected to dampen in the quarter with 120 homes deliveries postponed...
In the trade from low $52s. Added at $55.
Weekly view shown here.
Looking for strength to continue here. Currently they are testing resistance levels from the 2006 and 2007
Feedback and comments are appreciated.
Really loving what we have here!
Top side resistance on RSI just broken. Look for MACD zero crossing.
Notice how the 100MA is flat. Often times when a flat MA is broken, along with top side RSI resistance break, an expolsive move follows.
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higher time frame is showing range bound price action- negative divergence in rsi
closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum
lower time frame shows price action in that same range contraction apply pressure to the support area with multiple...
Buying the pullback here to this nice demand zone (highlighted in yellow) which should act as support here. The level also happens to be at former resistance which should now give the level further support. Use the entry, stop and target prices below to control your risk vs. reward on this trade.
Entry: 49.97
Stop: 48.99
Target $53
